World Economy to Undergo Intricate Phase in 2023
CAIRO - 25 January 2023: In the first months of the COVID-19 pandemic, it was hard to forecast when the world economy could rebound to pre-pandemic levels. Yet, it is expected to fall to 6.5 percent in 2023, and 4.1 percent in 2024. Similar economies in Europe will experience no growth in 2022 and a slight one in 2023 (0.6 percent). Growth is expected to be 3.6 percent in 2023 down from five percent in 2022. On the other hand, unemployment is estimated to remain stable at 7.3 percent in 2022 and 2023, as that was the figure recorded in 2021.
Source:Egypt Today
January 25, 2023 18:27 UTC
Egyptian president lays wreath on tomb of Mahatma Ghandi
CAIRO – 25 January 2023: President Abdel Fatah al-Sisi visited Wednesday Raj Ghat, laying wreath on the tomb of Mahatma Ghandi, and writing a word in the guestbook dedicated to high-profile visitors. "It is my pleasure to visit the tomb of Late Indian Leader Mahatma Ghandi, who made a turning point in human history by representing the principles and values of justice, peace, equality, and violence renouncement, and by his brave patriotic stances as well as his unconditional inclination to the choice of peaceful resistance. The whole world needs to be inspired by those noble principles that contributed to the unity and renaissance of the Indian nation, and that we believe and adopt in Egypt throughout history. Egypt and India share civilizational and historic ties, and are resembling in their commitment to promoting security, peace, and stability as well as backing the efforts of development and prosperity," the Egyptian president wrote. President Sisi headed Tuesday to New Delhi fulfilling the invitation of Indian Prime Minister Narendra Modi as a guest of honor in the ceremony held to celebrate the 73rd anniversary of the country's Republic Day marking January 26.
Source:Egypt Today
January 25, 2023 10:26 UTC
President Sisi: proud to visit India
Egyptian President Abdel Fattah al-Sisi has responded to the greetings of the Prime Minister of India, Narendra Modi, after he tweeted a welcoming message to President Sisi. Sisi said: “I am very happy and proud to visit friendly India and participate in the Republic Day celebrations in New Delhi as a main guest, which makes us more determined to continue strengthening bilateral relations and the distinguished coordination between us, and I look forward to fruitful meetings and discussions with my dear friend Modi.”Modi has posted on his Twitter account a special welcome to President Sisi, saying: “A warm welcome to India, President Abdel Fattah al-Sisi”. “Your historic visit to India as chief guest of our Republic Day celebrations is a matter of immense happiness for all Indians. I look forward to our discussions tomorrow.”
Source:Egypt Independent
January 25, 2023 10:00 UTC
Sisi says he is happy, proud to visit India and participate in Republic Day celebrations
CAIRO – 24January 2023: Egypt’s President Abdel Fattah al Sisi Said that he is happy and proud to visit India and participate in the Republic Day celebrations as a main guest. Replying to India’s Prime Minister Narendra Modi tweet, Sisi said: ‘I’m very happy and proud to visit India and participate in the Republic Day celebrations as a main guest, which makes us more determined to continue strengthening bilateral relations and the distinguished coordination between us... Earlier, PM Modi tweeted: “Warm welcome to India, President Abdel Fattah el-Sisi. Your historic visit to India as Chief Guest for our Republic Day celebrations is a matter of immense happiness for all Indians. The presidency's spokesperson, Ambassador Bassam Rady, highlighted in a press statement that the invitation underscores the close ties between Egypt and India, and the extent to which India values relations with Egypt.
Source:Egypt Today
January 24, 2023 23:04 UTC
EgyptAir resumes flights to China in March after 3-year hiatus
The Chairman and CEO of EgyptAir Holding Yehia Zakaria announced that his company has decided to operate seven flights to Guangzhou, three flights to Beijing, and three flights to Hangzhou starting in March. The company is shifting to resume operating its regular flight schedule to China as it was before the coronavirus pandemic struck. Zakaria broke the news during a press conference at Cairo International Airport on Friday, during the reception of the first Chinese tourist group after a 3-year hiatus. The company thanked the Chinese ambassador in Cairo for his efforts to resume air traffic again, Zakaria added. EgyptAir also succeeded in renewing the accreditation of the IOSA certificate without any notes or points of mismatch, after the inspection carried out by a delegation from Argos Pros, accredited by the International Air Transport Association (IATA).
Source:Egypt Independent
January 24, 2023 21:38 UTC
'No Egyptian ports are being sold'
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Source:Egypt Independent
January 24, 2023 19:21 UTC
Egyptian President to attend India's 'Republic Day' celebrations in New Delhi
CAIRO – 24 January 2023: President Abdel Fatah al-Sisi headed Tuesday to New Delhi fulfilling the invitation of Indian Prime Minister Narendra Modi as a guest of honor in the ceremony held to celebrate the 73rd anniversary of the country's Republic Day marking January 26. The presidency's spokesperson, Ambassador Bassam Rady, highlighted in a press statement that the invitation underscores the close ties between Egypt and India, and the extent to which India values relations with Egypt. The ambassador added that the invitation also reflects India's interest in bolstering bilateral relations, given that the two countries are among the most prominent emerging economies worldwide and have vital roles on the regional and international levels.
Source:Egypt Today
January 24, 2023 10:33 UTC
US dollar crisis caused by weak production and export abilities: Sisi
President Abdel Fattah al-Sisi said that Egypt’s US dollar shortage crisis did not emerge suddenly, but was borne out of a recurring pattern that specialists are examining, brought on by the weakness of Egypt’s production and export abilities and the rise in demand for dollar-based goods and services. In his speech during the celebration of the 71st anniversary of Police Day at the Police Academy Conference Complex in New Cairo, Sisi stressed that increasing productivity and export is a crucial issue for Egypt, that should be sought with maximum effort and energy. Police Day 2023Sisi arrived on Tuesday morning at the headquarters of the celebration of the 71st anniversary of the Police Day in the Conference Complex of the Police Academy in New Cairo, which falls on January 25 of each year. The Minister of Interior, Mahmoud Tawfiq, received Sisi upon his arrival, and the national anthem and the martyr’s anthem were played. Sisi laid a wreath at the police martyrs’ memorial, and took a memorial photo, with Tawfiq and Prime Minister Mostafa Madbouly.
Source:Egypt Independent
January 24, 2023 10:17 UTC
Alexandria Medical Services seeks to acquire Rakoda Hospital - Daily News Egypt
Alexandria Medical Services Company aims to acquire Rakoda Hospital. The company’s board of directors decided to appoint an independent real estate assessor to determine the fair market value of the hospital in the framework of studying the opportunity to acquire it. The Tawasoll Holdings and Lime Vest Partners alliance acquired 70.17% of the total shares of Alexandria Medical Services after buying the share of Abu Dhabi Commercial Bank (the main shareholder) accounting for about 45% of the company’s total shares. Prime Securities Brokerage Company played the role of a broker on both sides of the deal, the seller and the buyer, while Prime Capital played the role of the financial advisor to the buyer. The consortium was seeking to collect about 11.53 million shares, or 74.08% of the shares of the new medical centre, with a minimum implementation rate of 51%.
Source:Daily News Egypt
January 24, 2023 01:26 UTC
Egypt to import more wheat from Germany
Farmers harvest wheat on Qalyub farm in the El-Kalubia governorate, northeast of Cairo, Egypt May 1, 2016. – (Reuters)CAIRO – 24 January 2023: Egypt will sign long-term contracts with Germany to import more German wheat, announced the Egyptian Ministry of Supply and Internal Trade in a statement on Monday. The Minister of Supply met with Minister of State for Agriculture in Germany, Silvia Bender. He expressed his gratitude for the fruitful cooperation between the two countries regarding Germany's export of two shipments of wheat to Egypt. “Egypt is looking forward to increasing its imports of German wheat and flour, both at the governmental level or the private sector,” the Minister said.
Source:Egypt Today
January 23, 2023 23:17 UTC
Egypt inks MoUs with Palestine, Somalia to bolster ICT, postal cooperation
CAIRO – 23 January 2023: Egypt’s Prime Minister Mostafa Madbouli attended Monday the signing ceremony of MoUs with each of the Palestinian and Somali governments to promote cooperation in the information and communications technology (ICT) and postal sectors. The deals were signed by Egyptian Minister of Communication and Information Technology Amr Talaat with each of his Palestinian counterpart Ishaq Sidr and Somali counterpart, Jama Hassan Khalif. Talaat said the MoU with the Palestinian government covers technical cooperation on policy formulation and implementation in both sectors, while enriching the legal frameworks regulating mutual cooperation. The deal also involves drawing up efficient cooperation mechanisms, sharing relevant expertise and best practices that will enable both parties to perform their missions more efficiently and cut business costs, the minister added. Meanwhile, Amr said the deal with Somalia aims to support fruitful and close bilateral cooperation through the exchange of experiences in the field of information and communication technology on the basis of common interest.
Source:Egypt Today
January 23, 2023 21:55 UTC
President Sisi celebrates 71st anniversary of Police Day, lays a wreath at Martyrs Memorial
CAIRO – 23 January 2023: Egyptian President Abdel Fattah al Sisi arrived on Monday at the headquarters of the Police Academy, to celebrate the 71st anniversary of the Egyptian Police Day. Sisi was welcomed upon arrival by Interior Minister Mahmoud Tawfiq as he laid a wreath at the Memorial of Police Martyrs. During the celebration, President Sisi is set to honor names of some police martyrs, who will be awarded the Order of the Republic in recognition of their great sacrifices for the sake of the country. The president will also grant Medals of Excellence to some police officers, in recognition of their efforts and loyalty. Police Day commemorates resistance by Egyptian police to British occupation forces in Ismailia in 1952, which resulted in the death of dozens of police officers
Source:Egypt Today
January 23, 2023 09:59 UTC
Joint Egyptian-Sudanese talks to boost cooperation in IT
Egyptian Ambassador to Sudan Hany Salah has asserted cooperation between Cairo and Khartoum is witnessing a big and important development. In statements on the sidelines of meeting Sudanese Minister of Communications and Digital Transformation, Adel Hassan Mohamed Hussein, Salah said the IT sector is seeing an important development. The Sudanese minister expressed pleasure over meeting the Egyptian diplomat, noting that the meeting discussed several files related to the development of relations between Egypt and Sudan in the field of communications, referring to his visit to Egypt in the coming days, stressing importance of exchanging and transfer of experiences among Arab countries, Sudan News Agency (SUNA) reported. Salah indicated importance of cooperation between the two countries in this field which witnessing great qualitative development, pointing to the training 500 Sudanese cadres last year from the Sudanese Ministry of Communications in Egypt. He expressed pleasure at readiness of the Sudanese official to cooperate with Egypt.
Source:Egypt Independent
January 21, 2023 22:45 UTC
Belgium winger Trossard joins Arsenal from Brighton
(Reuters) - Premier League leaders Arsenal announced the arrival of versatile Belgium international winger Leandro Trossard on Friday on a long-term contract from Brighton & Hove Albion. Trossard has scored seven goals in 16 league appearances this season, including a hat-trick against Liverpool at Anfield in October. Media reports said the deal was for four and a half years and would cost Arsenal 27 million pounds ($33.43 million) -- an initial 20 million expenditure plus add-ons. "He is a versatile player with high technical ability, intelligence and a great deal of experience in the Premier League and at international level. It helps me that I’m versatile and that I can play in different positions," he told the Arsenal website.
Source:Egypt Today
January 21, 2023 12:19 UTC
Clean Transportation Era Begins in Egypt
The ministry has begun its plan to convert to electric transport in Sharm El- Sheikh and the tourist cities of Hurghada, Luxor and Aswan. The monorail is among various methods of green transportation that Egypt has been con-structing in order to improve mobility for its population, reduce emissions, and ease traffic congestion. Egypt’s BRT systemThe BRT is a high-quality bus-based transit system that delivers fast, comfortable, and cost- effective urban mobility. Operating on electricity and stopping at des- ignated stations, the BRT system will replace microbuses, which will be completely banned on the Ring Road. The BRT system is designed to travel for a dis- tance of 106 kilometers, where buses will oper- ate 18 hours a day with a speed of 50km/hour.
Source:Egypt Today
January 21, 2023 11:37 UTC